Here’s why the growth of token staking could be bullish for Lido (LDO)

Liquid staking has grown in popularity over the past year thanks in part to the launch of the Ethereum beacon chain and the inability of ETH stakers to withdraw their tokens until the full launch of the consensus layer.  As a result, Lido (LDO) has established itself as a leader in the liquid staking sector. Lido is […]

Can Terra blockchain sustain its growth? Research report digs deeper

Cointelegraph Research fundamentally evaluates Terra in its 50-page report to provide an in-depth analysis of its recent updates, including Columbus-5, the Bitcoin (BTC) acquisition and others. Decentralized algorithmic stablecoins, blockchain integration in real-world payments and 20% APYs on decentralized finance (DeFi) protocols — what is all of this, and is it really doing this? The […]

SkyBridge goes all in on crypto, betting on ‘tremendous growth’ ahead

SkyBridge Capital is working on pivoting the majority of its assets under management (AUM) to digital assets, as the sector represents “tremendous growth” for the firm. The hedge fund was founded by former U.S. politician Anthony Scaramucci in 2005, and first delved into Bitcoin (BTC) in late 2020. The firm also has money deployed in […]

Increased adoption of Metaverse NFTs will power the next NFT growth cycle

Metaverses and blue-chip nonfungible tokens (NFTs) are the driving forces behind the dramatic growth in the NFT market. Projects like the Bored Apes, Crypto Punks, Azuki, Clone X and Doodles collections have steadily attracted collectors’ interest in the past year. As a result, these NFT projects have helped the NFT market achieve a growth rate […]

Is Ethereum Staking Pool Lido’s Growth an Omen of Centralization?

As stETH has grown into a hugely popular DeFi primitive, or building block, more users have flocked to Lido. Although Lido started to see competition soon after it launched, it has dominated competitors, such as Rocketpool and Stkr, and now controls nearly 90% of the fast-growing liquid staking market. Source link

Canaan Unveils Bitcoin Mining Machine, Sees Speedier ASIC Market Growth

Another aspect of players like Intel coming into the industry, said Lu, is it will make the ASIC manufacturing market more competitive and will incentivize the incumbents to invest additional sums. “I think with Intel’s coming in, Canaan and all the other peers in this industry should be well prepared for such competition, in terms […]

Female investors led crypto market growth in 2021, says new report

The crypto market is maturing and is no longer driven by speculation, according to a new report from BTC Markets (BTCM). According to the report by the Australian cryptocurrency exchange, the crypto market’s growth in 2021 was driven by utility. The BTCM Investor Study Report 2021 is an in-depth analysis of data from the BTCM exchange […]

COMP’s Sudden Growth Has Swamped a DEX Dealing Only in Stablecoins

One of the newer entrants to the decentralized finance (DeFi) space, Curve, is riding the wave of demand for the freshly issued Compound governance token, COMP, which has surged to a $774.3 million market cap since first being distributed on Monday. Curve is an automated market maker devoted exclusively to stablecoins. On Sunday, it saw […]